Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Expanse (EXP) - Fair Launch, No ICO, Community DAO, based on Ethereum
by
CryptoClub
on 20/10/2015, 15:54:33 UTC
Price is dropping again.

i've been warning people since the price was over 10 times the current price that these guys are scammers.

they dumped 50k EXP on people and are still dumping 50k more of the initial premine.  they plan to dump 100k (1% of the 11 million premine) each month.

they say they don't care about price which is because they have free coins from the premine.  why would they buy coins at 200 satoshis when they have it for free?  they can sell to you at 200 satoshis and still make a profit!

devs aren't putting up buy support and are blaming "whales" for the high initial 200k price.  a more likely story is they are the "whales" who pushed the price and volume early so they could dump on everyone.  think about it.

last time i sold was 12.5k. i showed you screen shots. now the price hit 0.00006001 on poloniex and 0.00006553 on bittrex. the market cap is below $10,000.

this coin will NEVER reach 20k satoshis again.


This isn't even news. The sad part is that the developers are still somehow claiming 'fair launch' after tucking 11 million coins in what is now clear is nothing but a premine-for-capital that they will no doubt 'pay developers' with. Aka. Give to themselves every time they spend 45 minutes in MS Paint making a logo or registering a domain name.

That is a bunch of crap, we used about 50k and paid one bounty for the logo so far. This is all on the blockchain, and anyone that can think logically would realize is we were dishonest we would have sold tons when the price was much higher, not hold. How many devs use less than they said they would? Just about none, and we do care about having as little impact on the price as possible. We are not happy there was such a big run up on price as some can feel burned, nothing to do with us though, and we are working constantly on improving and building Expanse. We are also getting to a more realistic starting price now, but I suggest traders have patience and just watch the charts for a good buy in price, if they want to buy.